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Melrose Park IL Real Estate & Commercial for Sale

7 Properties Found

The median home value in Melrose Park, IL is $289,500. This is higher than the county median home value of $285,000. The national median home value is $308,980. The average price of homes sold in Melrose Park, IL is $289,500. Approximately 48% of Melrose Park homes are owned, compared to 46% rented, while 7% are vacant. Melrose Park real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you like to see a property, contact Melrose Park real estate agent to arrange a tour today!
Learn more about Melrose Park.


1–7 of 7 properties displayed
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Beds:
n/a
Baths:
Sq.Ft.:
6,950
Status:
Active
MLS#:
11978478
Type:
Retail, Business Opportunities
Lot size:
0.47 Acres
Year built:
1961
A broker reciprocity listing Courtesy: Alexander Realty LLC
View additional info

OPPORTUNITY KNOCKS! Discover an unparalleled investment opportunity in the heart of the bustling commercial district of unincorporated Melrose Park, Cook County. This fully leased strip mall is a true cash cow, strategically positioned on a highly trafficked, busy street boasting an extremely high vehicle count per day, ensuring constant visibility. Coupled with high foot traffic, it's a magnet for consistent consumer flow to its long-term tenants. Offering a solid 7 cap rate in an investor-friendly environment, this property not only promises attractive returns but also stands as a testament to stability and potential growth in a thriving market. Perfect for those seeking to expand their portfolio, this strip mall combines immediate cash flow with long-term value appreciation in a location that maximizes profitability and management ease. Seize this chance to anchor your investment in a vibrant community, reaping the benefits of Melrose Park's commercial vitality.

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
11970738
Type:
Mixed Use, Business Opportunities
Lot size:
0.06 Acres
Year built:
1890
A broker reciprocity listing Courtesy: RE/MAX 1st Service
View additional info

ATTENTION: INVESTORS & RESTAURANT OWNERS. TAKE A LOOK AT THIS MIXED USE BUILDING LOCATED STEPS AWAY FROM THE MELROSE PARK METRA STOP AND ACROSS THE STREET FROM POLICE STATION. FIRST FLOOR IS A WELL ESTABLISHED BUSINESS FOR MORE THAN 13 YEARS "EL JIRABITO". BUSINESS INCLUDED IN THE PRICE WITHOUT INVENTORY. SECOND FLOOR HAS AN APARTMENT WITH 2 BEDROOMS, LIVING ROOM, KITCHEN , DINING ROOM. APARTMENT AND RESTAURANT HAS BEEN REMODELED IN 2020: KITCHEN REMODELED WITH NEW KITCHEN HOOD, KITCHEN SUPPRESSION SYSTEM, ELECTRIC, PLUMBING, HEATING, DUCK WORK, WALLS, A/C, HOT WATER TANK, FURNACE, KITCHEN CABINETS ON SECOND FLOOR, BATHROOMS WERE ALSO REMODELED. ROOF WAS DONE IN 2018. THE LOT ADJACENT IS NOT PART OF THE DEAL BUT OWNER IS RENTING FOR $1000 A MONTH EXTRA. NOW IT'S LIKE A MINI BAR AND ENTERTAINMENT AREA. IT'S A GREAT OPPORTUNITY. UNFORTUNATELY OWNER HAS TO MOVE OUT OF STATE. MAKE YOUR APPOINTMENT TODAY!!!!

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
11955214
Type:
Multi-Family, Business Opportunities
Year built:
1967
A broker reciprocity listing Courtesy: eXp Realty LLC
View additional info

6 Flat with 5 two bedrooms apartments and 1 one bedroom apartment. Owner pays for heat and common area electric. It is fully occupied with long time tenants, rents are low. Roof 8 years old, Boiler 9 years old Tenants pay for Electric & Cooking gas. Walking Half a block from Lake St, walking distance to shopping, transportation and restaurants. To be sold as is.

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
11948658
Type:
Multi-Family, Business Opportunities
Year built:
1961
A broker reciprocity listing Courtesy: eXp Realty LLC
View additional info

Brick 6 Flat on corner lot. 5 two bedrooms 1 one bedroom Rents are below market. West Leyden High School - No leases, all units are on a Month to Month. TO BE SOLD AS IS. - Owner pays for heat for the whole building, Roof 2023 - Tenants pay for electricity and cooking gas. - Long-time tenants

Beds:
n/a
Baths:
Sq.Ft.:
46,807
Status:
Active
MLS#:
11797756
Type:
Industrial, Business Opportunities
Lot size:
1.49 Acres
Year built:
1962
A broker reciprocity listing Courtesy: Coldwell Banker Realty
View additional info
Beds:
n/a
Baths:
Sq.Ft.:
1,750
Status:
Active
MLS#:
11772577
Type:
Retail, Business Opportunities
Lot size:
0.08 Acres
Year built:
1900
A broker reciprocity listing Courtesy: Millennium Properties RE, Inc.
View additional info

Office/Retail building available on Broadway in Melrose Park. 1750 sq foot formerly occupied by an insurance company, ideal for any type of small office or retail. Parking in rear.

Beds:
n/a
Baths:
Sq.Ft.:
1,000
Status:
Active
MLS#:
11722933
Type:
Retail, Business Opportunities
Year built:
1950
A broker reciprocity listing Courtesy: Northlake Realtors
View additional info

Seller willing to finance. Here is a Restaurant ready for new Owner. Present Owner has health problems that no longer allows him to continue business. Lots of Businesses all around. Busy area. Home Depot, and Swap O'Rama very close. Very busy on weekends. Great place to start if you have bigger dreams of owning and/or expanding later. Excellent spot for a Pick up & delivery Business!! Motivated!

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Listings courtesy of MRED as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 2/27/2024. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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